SHIPBUILDING INDUSTRY STEEL PRICE INDEX

All figures are based on prices in US Dollars per tonne

Month  World Index  EU Index  North America Index  Asia Index  
Dec-2010  104.8  91.6  101.2  131.4 
Jan-2011  112.8  95.1  113.3  140.5 
Feb-2011  125.6  107.8  131.9  145.1 
Mar-2011  128.8  111.8  133.3  149.9 
Apr-2011  132.8  113.4  142.9  149.3 
May-2011  134.8  117.1  142.0  152.9 
Jun-2011  132.3  114.3  141.0  148.7 
Jul-2011  131.4  113.8  139.7  147.9 
Aug-2011  128.7  111.4  133.6  149.4 
Sep-2011  125.9  108.5  128.9  149.5 
Oct-2011  116.1  93.7  124.9  139.3 
Nov-2011  114.1  95.6  118.7  137.2 
Dec-2011  112.6  93.0  120.6  132.4 
Jan-2012  112.5  89.7  124.0  132.4 
Feb-2012  One year current prices updated monthly for only GBP 180
Buy
One year current prices updated monthly for only GBP 180
Buy
One year current prices updated monthly for only GBP 180
Buy
One year current prices updated monthly for only GBP 180
Buy
Mar-2012 
Apr-2012 

Copyright © 2012 by MEPS International Ltd.

To calculate an index number, divide the selected month’s price by the starting (base) value. Then multiply by 100. For example: Index number = ($720 / $500) x 100 = 144. To calculate the month-on-month percentage change, divide this month’s value by last month’s value. Then subtract 1 and multiply by 100. For example: Percentage change = (120 / 110) -1) x 100 = +9%.

All price and market data is researched by MEPS staff and our local correspondents. The information in the tables, charts and commentaries have been calculated from respondents who we consider provide accurate intelligence on the relevant steel markets. We make our best endeavours to be assured that the information is correct and that our analysis is reliable.

Our predictions are based on a wide experience of steel consumption patterns. The econometric models we have constructed take into account raw material costs, macro-economic factors, past price trends and the dynamics of the market. However, steel prices can be influenced by a number of other factors. These include currency exchange rates,  trade regulations including import safeguard measures, anti-dumping actions and other government interference in normal trade patterns. More than one third of all steel produced is sold outside the country of manufacture. Accordingly, changes in market conditions in one country can impact on pricing in other parts of the world. Consequently, these forecasts should be used only as a guide to future tendencies. MEPS (INTERNATIONAL) LTD cannot be made liable for any loss resulting from the use of these price forecasts however it may arise.
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